USD 39.151.032.70%

Macroaxis considers ProShares UltraShort to be not too volatile. ProShares UltraShort maintains Sharpe Ratio (i.e. Efficiency) of -2.0E-4 which implies ProShares UltraShort had -2.0E-4% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. ProShares UltraShort exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ProShares UltraShort Coefficient Of Variation of 3319.08, Semi Deviation of 1.77 and Risk Adjusted Performance of 0.0374 to confirm risk estimate we provide.

ProShares UltraShort Market Sensitivity

As returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.

ProShares UltraShort Technical Analysis

The output start index for this execution was zero with a total number of output elements of seventeen. ProShares UltraShort Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Considering 30-days investment horizon, ProShares UltraShort has beta of 0.5164 . This entails as returns on market go up, ProShares UltraShort average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ProShares UltraShort SP500 will be expected to be much smaller as well. Moreover, ProShares UltraShort SP500 has an alpha of 0.0797 implying that it can potentially generate 0.0797% excess return over DOW after adjusting for the inherited market risk (beta).

Predicted Return Density

Returns

Considering 30-days investment horizon, the coefficient of variation of ProShares UltraShort is -551188.9. The daily returns are destributed with a variance of 3.41 and standard deviation of 1.85. The mean deviation of ProShares UltraShort SP500 is currently at 1.41. For similar time horizon, the selected benchmark (DOW) has volatility of 1.12

Largest Trends

Investment Outlook

ProShares UltraShort Investment Opportunity

ProShares UltraShort SP500 has a volatility of 1.85 and is 1.99 times more volatile than DOW. 17% of all equities and portfolios are less risky than ProShares UltraShort. Compared to the overall equity markets, volatility of historical daily returns of ProShares UltraShort SP500 is lower than 17 (%) of all global equities and portfolios over the last 30 days. Use ProShares UltraShort SP500 to enhance returns of your portfolios. The etf experiences unexpected upward trend. Watch out for market signals. Check odds of ProShares UltraShort to be traded at $46.98 in 30 days. As returns on market increase, ProShares UltraShort returns are expected to increase less than the market. However during bear market, the loss on holding ProShares UltraShort will be expected to be smaller as well.

ProShares UltraShort correlation with market

Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraShort SP500 and equity matching DJI index in the same portfolio.